Industry

Construction risk advice critical amidst continued supply chain issues

Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor said. “Our clients are not out of the woods yet,” said Angela McKerlich, surety and […]

By Melissa Shin | September 17, 2021

3 min read

Drought weakened trees, fall storms could mean more power outages: BC Hydro

VANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report from the Crown utility says record-breaking heat between June and August in many parts of […]

By Jason Contant | September 17, 2021

1 min read

Biggest insurers will soon control more of the market: A.M. Best

Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by the Top 10 carriers, said Gordon McLean, senior financial analyst with Oldwick, N.J.-based A.M. Best. […]

By Greg Meckbach | September 16, 2021

3 min read

Flying high: Drone use in insurance

By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration. Our numbers are nowhere near as high. According to Transport Canada, as of Aug. 31, 63,200 drones were registered in this country. There were 59,700 pilots with a basic certificate and 6,350 pilots (mostly flying […]

By Melissa Shin | September 16, 2021

2 min read